Two Sigma Securities LLC Makes New Investment in CenterPoint Energy, Inc. $CNP

Two Sigma Securities LLC acquired a new position in shares of CenterPoint Energy, Inc. (NYSE:CNP) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 51,899 shares of the utilities provider’s stock, valued at approximately $2,286,000.

Several other hedge funds also recently modified their holdings of CNP. New Age Alpha Advisors LLC acquired a new position in shares of CenterPoint Energy during the 4th quarter valued at $25,000. Caitong International Asset Management Co. Ltd grew its holdings in CenterPoint Energy by 49.6% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 709 shares of the utilities provider’s stock worth $27,000 after purchasing an additional 235 shares during the period. Keating Financial Advisory Services Inc. acquired a new stake in CenterPoint Energy in the second quarter worth $27,000. Rothschild Investment LLC increased its stake in CenterPoint Energy by 165.0% in the fourth quarter. Rothschild Investment LLC now owns 734 shares of the utilities provider’s stock valued at $28,000 after purchasing an additional 457 shares in the last quarter. Finally, DV Equities LLC bought a new stake in CenterPoint Energy in the fourth quarter valued at $35,000. Institutional investors own 91.77% of the company’s stock.

CenterPoint Energy Price Performance

Shares of NYSE CNP opened at $39.24 on Monday. CenterPoint Energy, Inc. has a fifty-two week low of $36.60 and a fifty-two week high of $45.26. The stock has a market cap of $25.85 billion, a price-to-earnings ratio of 23.08, a PEG ratio of 2.32 and a beta of 0.46. The company has a debt-to-equity ratio of 1.95, a quick ratio of 0.97 and a current ratio of 1.12. The firm’s 50-day simple moving average is $42.32 and its 200 day simple moving average is $42.60.

CenterPoint Energy (NYSE:CNP) last issued its quarterly earnings data on Tuesday, July 28th. The utilities provider reported $0.40 EPS for the quarter, topping analysts’ consensus estimates of $0.37 by $0.03. The firm had revenue of $2.15 billion during the quarter, compared to analyst estimates of $2.12 billion. CenterPoint Energy had a return on equity of 11.10% and a net margin of 11.61%.During the same period in the previous year, the company posted $0.29 EPS. CenterPoint Energy has set its FY 2026 guidance at 1.890-1.910 EPS. As a group, research analysts anticipate that CenterPoint Energy, Inc. will post 1.91 earnings per share for the current fiscal year.

CenterPoint Energy Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Thursday, August 20th will be given a dividend of $0.24 per share. The ex-dividend date of this dividend is Thursday, August 20th. This is a positive change from CenterPoint Energy’s previous quarterly dividend of $0.23. This represents a $0.96 annualized dividend and a dividend yield of 2.4%. CenterPoint Energy’s payout ratio is presently 56.47%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on CNP shares. BMO Capital Markets cut their price objective on shares of CenterPoint Energy from $48.00 to $47.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 22nd. BTIG Research assumed coverage on CenterPoint Energy in a research report on Tuesday, June 30th. They issued a “neutral” rating for the company. Morgan Stanley dropped their price target on CenterPoint Energy from $40.00 to $39.00 and set an “equal weight” rating on the stock in a research note on Friday, August 21st. Truist Financial cut their price target on CenterPoint Energy from $48.00 to $46.00 and set a “buy” rating on the stock in a report on Tuesday, August 4th. Finally, Wall Street Zen raised CenterPoint Energy from a “sell” rating to a “hold” rating in a research note on Saturday, August 1st. Nine investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat, CenterPoint Energy has a consensus rating of “Moderate Buy” and an average target price of $45.36.

CenterPoint Energy Profile

CenterPoint Energy, Inc (NYSE: CNP) is a Houston-based regulated utility company that provides electric and natural gas delivery services and related infrastructure operations. The company’s principal activities center on the transmission and distribution of electricity in the greater Houston metropolitan area and the distribution of natural gas to customers across several states in the Midwest and South. As a vertically integrated utility, CenterPoint focuses on the reliable delivery of energy through owned and operated networks of lines, pipelines and associated facilities.

CenterPoint’s core businesses include regulated electric transmission and distribution services, regulated natural gas distribution, and the operation and maintenance of energy infrastructure.